Natural gas rose on bargain buying as market participants took the opportunity to buy after prices plunged to 13-month lows. Gas prices have declined in nine of the last 11 weeks as high inventories pressured the market. Traders are likely waiting for the arrival of winter's heating needs before betting on a seasonal rally. Natural Gas yesterday we have seen that market has moved 1.69%. Market has opened at 152.6 & made a low of 152.6 versus the day high of 157.9. The total volume for the day was at 41101 lots and the open interest was at 28902. Now support for the Natural Gas is seen at 153.2 and below could see a test of 150.2. Resistance is now likely to be seen at
158.5, a move above could see prices testing 160.8.

Trading Ideas:

Natural Gas trading range is 150.2-160.8.

Natural gas yesterday ended positive on bargain buying

Natural gas looks to test support at 153.2 and resistance is seen at 158.5.

Gas prices have declined in nine of last 11 weeks as high inventories pressured market